Receivables Management Of GG Steel Trading Company

In recent years,due to overcapacity in the commodity industry,coupled with the implementation of supply-side reform by the state,industrial upgrading has become a means for enterprises to seek development.The use of the Internet in some industries in the transformation and upgrading play a key role,so that the steel industry enterprises have "test water." By speeding up the exchange of information,the Internet can improve the efficiency of business operations and bring greater value to enterprises.As a result,a large number of commodity e-commerce companies poured out of society,steel e-commerce platform stake accounted for almost 30% of the total number.Grabbing market share has become the strategic focus of most enterprises in the current market environment,so that a large number of credit means.But excessive credit sales have led to bad debts.In order to prevent the frequent bad debts and improve the efficiency of enterprises,enterprises need to establish a set of scientific accounts receivable management program.GG Steel Trading Company as a steel e-commerce enterprises,rapid development,customer radiation throughout the country,turnover in the forefront of the industry.On the basis of reading domestic and foreign literature,this paper introduces and analyzes the company's basic situation,the relevant management system and policies of accounts receivable,and analyzes the quality of accounts receivable,and uses interviews and questionnaires to investigate and analyze the actual operation of the company's accounts receivable management.The problems in the management of the company's accounts receivable are obtained.The internal causes of these problems are the lack of credit risk awareness in management,unreasonable organizational structure and inadequate credit management system.External reasons include incomplete industry credit system and malicious bidding by the industry.Combined with the theory of accounts receivable management,this paper puts forward the suggestion of using the scientific credit management mode of "3 plus 2" for GG Steel Trading Company.First of all,from the transaction period of accounts receivable should establish an independent credit management department,using 5C evaluation method to improve the enterprise credit evaluation mechanism;Standardize credit approval and contract management in the middle of the transaction;To do a good job in the post-transaction accounts receivable tracking management mechanism,the use of hierarchicalanalysis to adjust the performance indicators of employees to improve the evaluation mechanism;Then,the establishment of accounts receivable supervision system,and then improve the enterprise accounts receivable management information construction.Finally,to strengthen the enterprise accounts receivable management culture construction,the implementation of the post responsibility system and increase the assessment and supervision to ensure the smooth implementation of accounts receivable management and improvement program design,so that the management of accounts receivable more scientific and reasonable,to help enterprises continue to move forward.At the end of this article,the full text is summarized,and the shortcomings are put forward.